According to this Gamasutra job posting, Microsoft is still looking for a “superstar game director” to work on the Peter Jackson Halo Project.
“Partner with key Hollywood talent to collaboratively craft a masterful game experience,” says the ad, adding that the successful applicant will, “Collaborate with game play designers, story writers, game writers, and said external luminary to deliver on a unique game in the Halo universe.”
Full thing through the link. No date on the game, or even any idea if it even is a game. Thanks, 1UP.